Intracerebral hemorrhage (ICH) poses a great threat to human life due to its high incidence and poor prognosis. Identification of the bleeding location and quantification of the volume based on CT images are of great significance for assisting the diagnosis and treatment of ICH. In this study, a region-growing algorithm based on watershed preprocessing (RG-WP) was proposed to segment and quantify the hemorrhage. The lowest points yielded by the watershed algorithm were used as seed points for region growing and then hemorrhage was segmented based on the region growing method. At the same time, to integrate the rich experience of clinicians with the algorithm, manual selection of seed points on the basis of watershed segmentation was performed. With the application of segmentation on CT images of 55 patients with ICH, the performance of the RG-WP algorithm was evaluated by comparing it with manual segmentations delineated by professional clinicians as well as the traditional ABC/2 method and the deep learning algorithm U-net. The mean deviation of hemorrhage volume of the RG-WP algorithm from manual segmentation was −0.12 ml (range: −1.05–1.16), while that of the ABC/2 from the manual was 1.05 ml (range: −0.77–9.57). Strong agreement of the algorithm and the manual was confirmed with a high intraclass correlation coefficient (ICC) (0.998, 95% CI: 0.997–0.999), which was superior to that of the ABC/2 and the manual (0.972, 95% CI: 0.953–0.984). The sensitivity (Sen), positive predictive value (PPV), dice similarity index (DSI), and Jaccard index (JI) of the RG-WP algorithm compared to the manual were 0.92 ± 0.04, 0.95 ± 0.04, 0.93 ± 0.02, and 0.88 ± 0.04, respectively, showing high consistency. Besides, the accuracy of the algorithm was also comparable to that of the deep learning method U-net, with Sen, PPV, DSI, and JI being 0.91 ± 0.09, 0.91 ± 0.06, 0.91 ± 0.05, and 0.91 ± 0.06, respectively.